Newton Mayor Moves Forward on Ascend Mass Location

The Mayor of Newton, Ruthanne Fuller, has announced that she will be signing a provisional HCA with Ascend Mass, a wholly owned subsidiary of Salveo Capital portfolio company AWH. . The property located at 1089 Washington Street will be the third location for Ascend Mass. To date, Ascend Mass is the first and only new operator selected by the Mayor of Newton. Newton is one of the largest and most affluent suburbs in Boston.

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Sean Doyle
Investor Intelligence - MJBizDaily

“As the federal government inches toward full legalization, we are already seeing non-cannabis-focused institutional capital coming into the market as (investors) get more comfortable with the positive regulatory momentum,” Jeff Howard, managing partner at marijuana-focused private equity fund Salveo Capital, told Investor Intelligence. In just the past month, two key legislative proposals advanced through Congress that industry experts believe could pave the way for cannabis reforms within the next year. The moves are “clearly positive for early investors,” and they signal a de-risking of the industry that’s driving up deal flow “in anticipation of positive developments at the federal level.”

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Sean Doyle
CRM For The Cannabis Industry?

Street Fight's Stephanie Miles recently reviewed five CRM applications - Salveo Capital portfolio company Baker, SpringBig, WebJoint, Soros and PipelineDeals - that have been specifically built for the cannabis industry. Of the five, it seems that Baker is the only true CRM application for that type of business. It leverages loyalty programs, online ordering and connections to point of sale systems to build a CRM database specifically geared to cannabis customers that can then be brought into a company's marketing and communications campaigns.

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Sean Doyle
Lyft partners with Tokyo Smoke to offer $4.20 off rides today

To help everyone in Toronto celebrate 4/20 responsibly, Lyft and Salveo Capital portfolio company Tokyo Smoke have partnered to offer riders $4.20 off of one ride later today. “We’re thrilled to be collaborating with Tokyo Smoke as we work toward a similar goal and commitment, as well as provide Toronto residents with a responsible and reliable ride option. We’re also incredibly thankful to our drivers who help to get people celebrating in the city to and from where they need to go.” said Aaron Zifkin, Managing Director – Canada, Lyft.

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Sean Doyle
Canopy Growth and Acreage Holdings' $3.4 Billion Deal May Be Good For Industry But Bad For Startups

Jeffrey Howard, a managing partner at Salveo Capital, a cannabis-focused private equity, lauds the Canopy/Acreage deal as "massive." However, he’s not surprised by it. “The amount of investment dollars leading to Canadian legalization has now shifted to the U.S.,” he said. “It’s great for the industry even though it’s still politically unclear, obviously.” Still, the deal does indicate “confidence in the progression” toward legalization in the U.S.

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Sean Doyle
The First Cannabis Report From Headset And Nielsen Looks At Weed Vs. Alcohol Sales On Big Holidays

The paper, produced by Nielsen and its new data partner for the marijuana industry, Salveo Capital portfolio company Headset, looks at trends and predictions for 4/20, the international day of pot – kind of the Fourth of July or St. Patrick’s Day for weed. Unlike previous reports out of Headset, this one includes data from consumer insights company Nielsen. The firm, best known for putting out TV ratings and music sales information, provided numbers that uncovered a comparative view into legal cannabis and alcohol sales during consumption holidays.

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Sean Doyle
​California Cannabis Powerhouse, Harborside, is Another Public Launch on the Horizon

Salveo Capital portfolio company Harborside has been a stalwart name in the industry pushing for legalization long before it was considered a reasonable idea. Harborside is considered to be the largest California operator with over 29 licenses across the state. The stock is one of the premier cannabis companies in a very large market. They are growing at a rapid clip and they should be trading on the CSE by the end of the year, we highly suggest paying attention when they do.

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Sean Doyle
Front Range Biosciences Announces International Partnership with the Centre for Research in Agricultural Genomics

Salveo Capital portfolio company Front Range Biosciences (FRB) announced its entry into a partnership with the Barcelona-based Centre for Research in Agricultural Genomics (CRAG). The breeding partnership will allow for FRB to leverage CRAG's world-class research facilities to advance its marker-assisted breeding platform in the development of new cannabis plant varieties, and make improvements in hemp cultivation methodology.

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Sean Doyle
Another Chicago weed company acquired—this time, for $850 million

Verano Holdings is the second major acquisition of a Chicago-area cannabis company in recent months. “There’s a huge land grab, and people are racing to bulk up,” said Michael Gruber, managing partner at Salveo Capital. “People are trying to get a big enough footprint in the belief some of the legislation happens and provides them an incredible position.”

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Sean Doyle